1. Durable POA. It gives the person the authority to act in the person's behalf concerning their finances when they are considered no longer competent to handle their affairs in a business like manner by a doctor. You can search this site in the upper right hand corner and type in durable POA which will go into more detail.
2. Medical POA gives the person the authority to make medical decisions for the person. Again more detail can be found on this site by typing in medical POA in the Search site box in the upper right hand corner of this page.
You get these two from a lawyer. Some people get these from an online source or from a store like Staples but each state has their own unique POA laws and you want those to be covered in your POA. Also, there are some statements that the person giving the POA can include when meeting with a lawyer. These documents are signed by the person giving them and their signature is required to be notarized. Also, a Durable POA normally is filed with the register of deeds in the county it is given in. Some banks or investment places will require a certified copy of the Durable POA which the register of deeds can provide for a small fee.
It is important that the person giving the POA is competent to do so. It is also important to get both of these documents and get them early before a stroke takes place or major dementia sets in.
1. Durable POA. It gives the person the authority to act in the person's behalf concerning their finances when they are considered no longer competent to handle their affairs in a business like manner by a doctor. You can search this site in the upper right hand corner and type in durable POA which will go into more detail.
2. Medical POA gives the person the authority to make medical decisions for the person. Again more detail can be found on this site by typing in medical POA in the Search site box in the upper right hand corner of this page.
You get these two from a lawyer. Some people get these from an online source or from a store like Staples but each state has their own unique POA laws and you want those to be covered in your POA. Also, there are some statements that the person giving the POA can include when meeting with a lawyer. These documents are signed by the person giving them and their signature is required to be notarized. Also, a Durable POA normally is filed with the register of deeds in the county it is given in. Some banks or investment places will require a certified copy of the Durable POA which the register of deeds can provide for a small fee.
It is important that the person giving the POA is competent to do so. It is also important to get both of these documents and get them early before a stroke takes place or major dementia sets in.
I hope this answers your question.